Canterbury VIC 3126: Property Market Report & Real Estate Insights

Part of Boroondara, VIC

Canterbury Real Estate Market Outlook

Thinking about buying in Canterbury? Now could not be a better time, with 4177 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $3,468,000 with prices in this suburb ranging from $634,000 to $16,232,000. Canterbury is located fairly close to the coast at just 9Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Living in Canterbury

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Low average incomes in Canterbury is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Canterbury changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. High density population in Canterbury requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

The housing market in Canterbury, a prestigious suburb in Boroondara, VIC, is renowned for its opulent and historic residential architecture, characterized by grand Victorian and Edwardian homes. As one of Melbourne's most affluent suburbs, Canterbury commands some of the highest property prices in the city, making it a highly sought-after area for families and professionals seeking a luxurious, peaceful lifestyle. The market here is known for its stability and resilience, often being less affected by economic fluctuations compared to other parts of Melbourne. With a blend of beautifully preserved heritage homes and modern, upscale developments, Canterbury offers a unique appeal. The tree-lined streets, expansive parks, and proximity to elite schools enhance its attractiveness for those prioritizing a serene yet connected living environment.

Living in Canterbury provides residents with a blend of tranquility and convenience. The suburb is home to several top-rated schools, including the prestigious Camberwell Grammar and Camberwell Girls Grammar schools, making it an ideal location for families prioritizing education. The suburb’s lush green spaces, such as Canterbury Gardens and nearby parks, offer ample opportunities for outdoor recreation and relaxation. Moreover, the area boasts excellent connectivity via the Canterbury and East Camberwell railway stations, as well as comprehensive tram and bus services, facilitating easy access to Melbourne’s CBD and surrounding suburbs. The local shopping precincts and cafes add a vibrant touch to the neighborhood, while its strong sense of community and safety contribute to its appeal as a prime residential locale.

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